Our Gold position is still active & running in profits so far. Not expecting much market movement today as it is the last day of July, so price will remain stagnant. Also, how market closes today will say a lot about how the Gold market will move in the month of August.
Zoomed out to the 2H TF for a wider view. Gold has completed a 5 wave impulse correction, which should now be followed by a 3 sub-wave corrective move. Lots of liquidity still sitting around $1,936 (previous Wave IV). BUY STOP: $1,913.60 TP1: $1,942 TP2: $1,980
Silver is moving very similar to Gold & we can also see it trading within a very complex structure. Possibly creating a flat corrective structure, meaning volume will be very thin with slow market conditions. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Selling Momentum Lost.
Zoomed out to the 2HR TF for a better view. Market still taking out early buyers by spiking to the downside. As long as market remains above $1,910 then the bullish structure remains valid. TP1: $1,942 TP2: $1,980
Trying 1 last buy position on Gold before the week ends. Going in with small risk as it's a Friday & markets are choppy. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Wick Fill Complete. ⭕️Lots of Liquidity Still Sitting At $1,938.
Seems like Gold is forming a very complex, corrective structure hence why this strong move down taking out buyers. ⭕️5 Wave Impulse Move Complete. ⭕️3 Wave Correction (A,B,C) Yet Pending. ⭕️Wick Fill Complete. ⭕️Lots of Liquidity Still Sitting At $1,938. Seems like Gold is forming a very complex, corrective structure hence why this strong move down taking out...
5 wave bearish completion on Gold, so now it only makes sense to see an upside correction on Gold. TP1: 1940 TP2: 1980
Here's an update on LINKUSD which I posted for you guys back in January. Just like I expected, market is still ranging within this corrective phase, which is allowing big institutional firms to DCA from these cheap prices. We expect further consolidation over the next few months, before we see a downwards liquidity grab towards $0.09📉 This also moves similarly to...
I can see a very complex correction forming on Bitcoin which will trap a lot of new buyers & sellers. I have taken a long position as I expect BTC to consolidate on the bigger TF for the next month or 2 and play within the current zone.
Looking to buy USDCHF as market seems to have bottomed for the time being. We've seen strong bullish momentum from the current support zone, showing buyers are now taking over. Buying Confluences: 🚫5 Wave Impulse Move Complete. 🚫DXY Strength (Positive Correlation)Corrective Move Yet to Follow. 🚫3 Wave Corrective Move Yet to Follow.
These are the Crypto’s which the SEC have now decided to classify as ‘securities’ in a war against Crypto holders. Keep an eye on these markets over the coming months as selling pressure might weigh down on these coins 🪙 Expect more outflow of capital as well from the Binance & Coinbase platform, as users will panic & move their holdings into an offline Crypto...
As I said before, we expect a correction on the bigger TF for Gold, before bulls come back into the market. We've seen a 5 wave bullish completion on Gold, with markets being overbought at the same time. We've also seen a CHOC + BOS, indicating markets now ready to sell off in the short term. Target 1: 1920-1877📉 Target 2: 1764-1740📉 Target 1 is our main target,...
Seems like institutional investors will be pushing Gold higher towards our 2nd POI within the mid $2,000 region, ahead of 14th June (Interest Rate decision). A nice 300-500 PIPS buying opportunity available in the mean time🤙🏽
Selling Confluences: 🚫Higher TF Selling Divergence. 🚫Markets Overbought With Choppy Price Action. 🚫Buying LQ Already Taken. 🚫5 Wave Impulse Move Complete.
This analysis is based on the short term buy opportunity which I mentioned. Risky as it's a counter trade, but worth taking with strict risk management. 160 PIPS from CMP (Current Market Price). ⭕️Bullish Corrective Move Pending. ⭕️Multiple Wick Rejections. ⭕️Bullish Momentum Showing.
This here is a long position we are holding within the Crypto Fund, for our investors since early this morning. We are targeting $28,700 offering us a 200 PIPS opportunity to profit from. Looks like BTC is still moving sideways within a corrective phase, so we can possibly trade a 3 sub-wave (A,B,C) move. Invalidation zone at the last low's.
NFP May 2023 - 339,000 jobs have been created. While this sounds like a good thing, it’s also a bad thing. The entire point of the Federal Reserve hiking interest rates was to ‘slow down inflation’ by making people lose their jobs, in turn leaving them with less disposable income to flood back into the economy. What this NFP data shows is that the current...
ETH moving as expected on the bigger TF & dropping to the downside. On the smaller TF's like the 1 & 4hr chart we saw a small pump. This liquidity grab would have enticed new retail buyers into the market who trade without a solid plan. FOMO would have trapped them. Now we expect the downtrend to continue on the bigger TF's. September/October onwards should...